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"When young, people tend to make do with less in order to 'survive' the housing crisis," Romem told SFGATE. Survival in Silicon Valley often means living with multiple roommates and making do with less space, he said.
Substandard living conditions may suffice when you're young and hungry, but then "people hit that point in life" when they want to "set roots down," Romem said.
When kids enter the mix – and bring with them the high cost of childcare and an increased need for space – people must seriously consider whether to stay in the costly Bay Area, or go. Many choose the latter, and move to other metros with ample career opportunity but lower housing costs, like Austin, Texas, Dallas or Atlanta. A recent study even found the so-called "Bay Area exodus" has led to a regional U-Haul shortage.
These cities, and others like them in the southern part of the United States, have what the Bay Area lacks: affordable housing.
gentrification emergency
You may ask, “Who cares what some dad from a flyover state or some businessman from another country thinks of us?” But consider this: The tourism industry in San Francisco supports 80,000 jobs, many of them filled by the diverse, working-class people we profess to want to keep here.
SF has a housing market emergency.
How come much less affordable Atherton, Tiburon and Woodside don't have one? What's the definition of a "housing market emergency"? Is it "not everybody can afford to live there"?
Time to move to Michigan! Clean water, cheap housing, good schools and lots of great people
Upper Michigan is nice. Just get yourself a fat Eskimo squaw as a bed warmer.
patrick.net
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